UGI Correlations

UGI Stock

USD 29.33 0.83 2.91%

The current 90-days correlation between UGI Corporation and NewJersey Resources is 0.56 (i.e., Very weak diversification). The correlation of UGI is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

UGI Correlation With Market

Weak diversification

The correlation between UGI Corp. and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UGI Corp. and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in UGI Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Related Correlations Analysis

	NJR	ATO	CPK	SR	NWN	OGS	NIMC	UGIC	NI
NJR		0.73	0.94	0.89	0.88	0.86	0.1	-0.5	0.77	NJR
ATO	0.73		0.8	0.48	0.69	0.88	-0.28	-0.8	0.93	ATO
CPK	0.94	0.8		0.78	0.83	0.92	-0.04	-0.64	0.86	CPK
SR	0.89	0.48	0.78		0.74	0.71	0.07	-0.28	0.52	SR
NWN	0.88	0.69	0.83	0.74		0.72	0.2	-0.33	0.77	NWN
OGS	0.86	0.88	0.92	0.71	0.72		-0.3	-0.78	0.84	OGS
NIMC	0.1	-0.28	-0.04	0.07	0.2	-0.3		0.51	-0.12	NIMC
UGIC	-0.5	-0.8	-0.64	-0.28	-0.33	-0.78	0.51		-0.75	UGIC
NI	0.77	0.93	0.86	0.52	0.77	0.84	-0.12	-0.75		NI
	NJR	ATO	CPK	SR	NWN	OGS	NIMC	UGIC	NI

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CPK	+ 0.94	NJR
NI	+ 0.93	ATO
OGS	+ 0.92	CPK
SR	+ 0.89	NJR
NWN	+ 0.88	NJR
OGS	+ 0.88	ATO

High negative correlations

UGIC	- 0.8	ATO
UGIC	- 0.78	OGS
NI	- 0.75	UGIC
UGIC	- 0.64	CPK
UGIC	- 0.5	NJR
UGIC	- 0.33	NWN

Risk-Adjusted Indicators

There is a big difference between UGI Stock performing well and UGI Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze UGI's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NJR	0.80	0.10	0.07	0.27	0.56	(0.92)	2.21	(1.26)	4.00
ATO	0.66	0.18	0.15	0.59	0.36	(0.79)	1.84	(1.17)	3.85
CPK	1.02	0.12	0.09	0.26	0.97	(1.22)	2.09	(1.91)	6.25
SR	0.97	0.10	0.05	0.27	1.12	(1.11)	2.58	(1.85)	6.47
NWN	0.98	0.05	0.04	0.17	0.91	(1.04)	2.15	(1.64)	6.23
OGS	0.92	0.12	0.12	0.25	0.73	(1.12)	1.92	(1.66)	7.47
NIMC	0.60	0.00	(0.15)	0.09	0.78	(0.66)	1.07	(1.11)	5.53
UGIC	1.47	(0.26)	0.00	(2.85)	0.00	0.00	2.61	(3.02)	12.21
NI	0.69	0.21	0.13	1.74	0.54	(0.80)	1.54	(1.23)	3.98

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UGI Correlations

UGI Correlation With Market

Weak diversification

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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